The banking sector grew significantly in February, with the total consolidated financial position of banks operating in the local market—excluding the Central Bank of Egypt (CBE)—rising to EGP 22.039 ...

Minister of Investment and Foreign Trade, Hassan El-Khatib, stated that the government aims to double the assets and investments managed by the Sovereign Fund of Egypt (TSFE) to better reflect the ...

Egypt’s tourism sector contributed around 24% of the country’s GDP in 2023, recording around EGP 953 billion – almost 21% above its previous highest level, revealed the latest report by the World ...

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Egypt’s ready-made garment exports experienced a significant boost in the first quarter of 2025, rising by 24% to reach $812 million, up from $656 million in the same period last year, according to ...

During their meeting, Wei expressed the company’s interest in launching a significant project to produce cars and spare parts in the Suez Canal Economic Zone.

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, announced that FY2025/2026 Economic Development Plan will allocate 45% of total public investments ...

Egypt's banking sector saw a significant decline in net foreign assets (NFA) in December 2024, according to the latest data from the Central Bank of Egypt (CBE), slipping to $5.23 billion in December, ...

Egypt's external debt reached an all-time high of $168.1 billion in 2023, according to the World Bank's International Debt Report (IDR) released on Tuesday; representing a 2.9% increase from $163.1 ...

This initiative aims to offer affordable financing solutions for young entrepreneurs, with a particular focus on priority sectors that drive production and innovation.

Egypt’s economy expanded by 3.5% in the first quarter of the 2024/25 fiscal year, up from 2.7% in the same period last year, signaling resilience in the face of geopolitical tensions and global ...

Minister of Investment and Foreign Trade, Hassan El-Khatib, announced that the government has agreed to implement 29 joint measures in collaboration with the Ministry of Finance. These measures aim to ...